Tuesday 03.03.2009
EURUSD
The Euro recovers to the first intra-day resistance at 1.2675/80 formed by the 50% retracement of the 1.2810-1.2540 move. Above the said resistance will strengthen momentum and favor extended gains to 1.2800/10 and maybe above, towards key resistance at 1.2990. Daily sentiment remains bearish while trading [...]

Monday 03.02.2009
EURUSD
The Euro shows a negative bias as it failed to hold above 1.2660/70 support on Friday. Support is emerging at 1.2515 backed by 1.2400/15 and 1.2330. Upside barriers are seen at 1.2680, 1.2800 and 1.2900. Daily momentum is bearish and a break above 1.2900 is needed [...]